All Stars Investment Ltd Has $245.47 Million Stake in Full Truck Alliance Co. Ltd. (NYSE:YMM)

All Stars Investment Ltd decreased its stake in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM) by 6.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,686,610 shares of the company’s stock after selling 1,500,000 shares during the period. Full Truck Alliance makes up 89.9% of All Stars Investment Ltd’s investment portfolio, making the stock its largest holding. All Stars Investment Ltd owned approximately 2.15% of Full Truck Alliance worth $245,469,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Y Intercept Hong Kong Ltd purchased a new position in Full Truck Alliance during the third quarter valued at $3,525,000. Sylebra Capital LLC lifted its position in Full Truck Alliance by 57.9% during the 2nd quarter. Sylebra Capital LLC now owns 8,011,918 shares of the company’s stock valued at $64,416,000 after acquiring an additional 2,939,456 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Full Truck Alliance by 12.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 912,011 shares of the company’s stock worth $8,217,000 after acquiring an additional 100,080 shares in the last quarter. XTX Topco Ltd grew its holdings in Full Truck Alliance by 318.2% in the third quarter. XTX Topco Ltd now owns 164,281 shares of the company’s stock worth $1,480,000 after purchasing an additional 125,001 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of Full Truck Alliance by 1,220.8% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,985,200 shares of the company’s stock valued at $15,961,000 after purchasing an additional 1,834,900 shares in the last quarter. Hedge funds and other institutional investors own 39.02% of the company’s stock.

Full Truck Alliance Stock Performance

Shares of NYSE YMM opened at $11.32 on Wednesday. The company has a market cap of $11.92 billion, a PE ratio of 26.94 and a beta of 0.25. The firm’s 50 day moving average price is $10.52 and its 200-day moving average price is $8.98. Full Truck Alliance Co. Ltd. has a 52-week low of $5.70 and a 52-week high of $12.47.

Analysts Set New Price Targets

YMM has been the topic of several recent research reports. Citigroup upped their price target on Full Truck Alliance from $13.00 to $15.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. JPMorgan Chase & Co. downgraded Full Truck Alliance from an “overweight” rating to a “neutral” rating and boosted their target price for the stock from $12.00 to $13.00 in a report on Wednesday, December 11th.

Full Truck Alliance Company Profile

Full Truck Alliance Co Ltd., together with its subsidiaries, operates a digital freight platform that connects shippers with truckers to facilitate shipments across distance ranges, cargo weights, and types in the People's Republic of China. The company offers freight matching services, such as freight listing and brokerage services; and online transaction services, as well as various value-added services, such as credit solutions, insurance brokerage, software solutions, electronic toll collection, and energy services.